How more than 1 million landlords will escape negative gear changes

May 30, 2026 — 4:45am More than 1 million landlords who negatively gear their properties stand to avoid the budget’s overhaul of property taxes while a similar number will have generous capital gains tax concessions locked in due to carve-outs put in place by the federal government.

How more than 1 million landlords will escape negative gear changes. May 30, 2026 — 4:45am More than 1 million landlords who negatively gear their properties stand to avoid the budget’s overhaul of property taxes while a similar number will have generous capital gains tax concessions locked in due to carve-outs put in place by the federal government. As economists at JP Morgan said the government’s changes could result in property prices falling by 3 per cent on top of a housing market that is already going backwards in Sydney and Melbourne, grandfathering provisions contained in the reforms suggest their initial impact will be muted. The government’s changes to property taxation has prompted widespread debate - but millions of people will be excluded from the reforms. Louise Kennerley Treasurer Jim Chalmers’ budget tax package includes r...